Booz Allen Hamilton Holding Co. (NYSE:BAH) Plans Quarterly Dividend of $0.51

Booz Allen Hamilton Holding Co. (NYSE:BAH) declared a quarterly dividend on Monday, October 28th, Wall Street Journal reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.51 per share by the business services provider on Wednesday, December 4th. This represents a $2.04 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Friday, November 15th.

Booz Allen Hamilton has increased its dividend by an average of 14.9% per year over the last three years and has increased its dividend every year for the last 13 years. Booz Allen Hamilton has a dividend payout ratio of 30.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Booz Allen Hamilton to earn $6.68 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 30.5%.

Booz Allen Hamilton Stock Performance

NYSE BAH traded up $4.07 during trading on Monday, reaching $186.00. 1,492,942 shares of the company’s stock were exchanged, compared to its average volume of 690,267. The business has a 50 day moving average price of $158.82 and a 200-day moving average price of $153.55. The stock has a market capitalization of $24.05 billion, a P/E ratio of 39.95, a PEG ratio of 2.33 and a beta of 0.59. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.55 and a quick ratio of 1.55. Booz Allen Hamilton has a fifty-two week low of $116.60 and a fifty-two week high of $189.13.

Booz Allen Hamilton (NYSE:BAH) last posted its earnings results on Friday, July 26th. The business services provider reported $1.38 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.14). Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. The firm had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.92 billion. Sell-side analysts forecast that Booz Allen Hamilton will post 5.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

BAH has been the topic of several research reports. Truist Financial upped their target price on Booz Allen Hamilton from $165.00 to $185.00 and gave the company a “hold” rating in a research report on Monday. JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and increased their price target for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. StockNews.com downgraded Booz Allen Hamilton from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Barclays reduced their price target on Booz Allen Hamilton from $153.00 to $142.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 30th. Finally, Wells Fargo & Company increased their price target on Booz Allen Hamilton from $185.00 to $206.00 and gave the stock an “overweight” rating in a research report on Monday. Three analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Booz Allen Hamilton has a consensus rating of “Hold” and a consensus target price of $175.88.

Insider Activity

In related news, Director Melody C. Barnes sold 1,041 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $143.31, for a total value of $149,185.71. Following the completion of the sale, the director now directly owns 18,123 shares in the company, valued at $2,597,207.13. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Booz Allen Hamilton news, CFO Matthew Calderone sold 3,865 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $160.00, for a total transaction of $618,400.00. Following the completion of the sale, the chief financial officer now directly owns 33,683 shares in the company, valued at approximately $5,389,280. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Melody C. Barnes sold 1,041 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $143.31, for a total value of $149,185.71. Following the sale, the director now owns 18,123 shares of the company’s stock, valued at approximately $2,597,207.13. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.59% of the stock is owned by corporate insiders.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.